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Banks To Settle More Than €2bn In Fines Over EC Forex Probe

The Brussels-based European Commission, an antitrust regulator instituted by the European Union is set to discuss fines with eight of the world’s biggest banks to finally settle the four-year-old investigation regarding their alleged involvement in what was termed as a

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Toshiba Plans To Issue $5.4bn In Shares To Avoid Delisting On TSE

Toshiba Corp recently announced that it plans to raise $5.4 billion from the issuance of new shares as it looks to raise funds urgently and keep the company from delisting. Last week, the company got the necessary approval to proceed

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S.Korea & Canada Sign First Currency Swap Deal With No Limit

South Korea and Canada officials met on November 15 to sign a bilateral currency swap deal, which provides South Korea a strong safety net from possible financial crisis and crashes in the future. After months of talk between the two

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Bitcoin Plunges By 29 pct Over The Weekend But Recovers

Buyers are returning to the market after Bitcoin bounced back during Monday’s early trading from the weekend’s 29 percent crash. Bitcoin has turned out to be one of the most volatile investments in the market today. In just 12 hours,

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India’s Digital Transactions Spike After Failed Demonetization

When the Prime Minister Narendra Modi and his BJP led government announced on Nov 8, 2016 a de-monetization drive that banned the use of 1,000 and 500 rupee notes it caused chaos in a nation of 1.3 billion people. The

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Wall Street Banks Could Move Out Of London ASAP

Wall Street Banks and major financial institutions with operations in London recently had a closed door meeting with US Secretary of Commerce Wilbur Ross and highlighted their concerns about the potential hard Brexit and their plans to relocate operations from

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